Brookfield Asset Management (BAM)
Market Price (12/4/2025): $53.07 | Market Cap: $85.6 BilSector: Financials | Industry: Asset Management & Custody Banks
Brookfield Asset Management (BAM)
Market Price (12/4/2025): $53.07Market Cap: $85.6 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 54% | Expensive valuation multiplesP/SPrice/Sales ratio is 35x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 49x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 174x, P/EPrice/Earnings or Price/(Net Income) is 59x |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 237% |
| Low stock price volatilityVol 12M is 34% | |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, Renewable Energy Transition, E-commerce Logistics & Data Centers, and Water Infrastructure. Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 54% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, Renewable Energy Transition, E-commerce Logistics & Data Centers, and Water Infrastructure. Show more. |
| Expensive valuation multiplesP/SPrice/Sales ratio is 35x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 49x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 174x, P/EPrice/Earnings or Price/(Net Income) is 59x |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 237% |
Valuation, Metrics & Events
BAM Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points explaining the approximate -11% movement in Brookfield Asset Management (BAM) stock from August 31, 2025, to December 4, 2025:
1. Broad Market Headwinds and Macroeconomic Uncertainty.
The asset management industry in 2025 contended with significant market volatility, uncertain macroeconomic conditions, and ongoing geopolitical issues. These factors contributed to a broader sentiment of caution among investors, with higher long-term interest rates and a stronger U.S. dollar also weighing on market sentiment.
2. Analyst Downgrades and Price Target Reductions.
During this period, Brookfield Asset Management experienced some revisions in analyst ratings. Bank of America notably downgraded BAM from a "buy" to a "neutral" rating on September 4, 2025. Additionally, National Bankshares reduced its price target for the stock on October 27, 2025, signaling a less optimistic outlook from some financial institutions.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BAM Return | - | - | - | 46% | 40% | -1% | 102% |
| Peers Return | 23% | 18% | -13% | 10% | 1% | 1% | 42% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| BAM Win Rate | - | - | 67% | 67% | 40% | ||
| Peers Win Rate | 67% | 50% | 35% | 56% | 48% | 45% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| BAM Max Drawdown | - | - | - | -1% | -6% | -20% | |
| Peers Max Drawdown | -39% | -13% | -31% | -11% | -12% | -16% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VRTS, SLRC, DHIL, GEG, BLKS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | BAM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -20.5% | -25.4% |
| % Gain to Breakeven | 25.7% | 34.1% |
| Time to Breakeven | 31 days | 464 days |
Compare to VRTS, SLRC, DHIL, GEG, BLKS
In The Past
Brookfield Asset Management's stock fell -20.5% during the 2022 Inflation Shock from a high on 9/15/2023. A -20.5% loss requires a 25.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to BAM. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Brookfield Asset Management
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.07 |
| Mkt Cap | 0.9 |
| Rev LTM | 152 |
| Op Inc LTM | 111 |
| FCF LTM | 70 |
| FCF 3Y Avg | 125 |
| CFO LTM | 77 |
| CFO 3Y Avg | 132 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.2% |
| Rev Chg 3Y Avg | 5.7% |
| Rev Chg Q | -2.0% |
| QoQ Delta Rev Chg LTM | -0.6% |
| Op Mgn LTM | 24.6% |
| Op Mgn 3Y Avg | 22.7% |
| QoQ Delta Op Mgn LTM | -2.8% |
| CFO/Rev LTM | 8.9% |
| CFO/Rev 3Y Avg | 15.6% |
| FCF/Rev LTM | 8.0% |
| FCF/Rev 3Y Avg | 14.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.9 |
| P/S | 3.4 |
| P/EBIT | 6.1 |
| P/E | 9.3 |
| P/CFO | 8.0 |
| Total Yield | 16.6% |
| Dividend Yield | 4.3% |
| FCF Yield 3Y Avg | 2.9% |
| D/E | 1.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.8% |
| 3M Rtn | -14.0% |
| 6M Rtn | -1.2% |
| 12M Rtn | -4.4% |
| 3Y Rtn | 12.1% |
| 1M Excs Rtn | 1.8% |
| 3M Excs Rtn | -18.7% |
| 6M Excs Rtn | -15.9% |
| 12M Excs Rtn | -17.7% |
| 3Y Excs Rtn | -59.6% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8082025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 3172025 | 10-K 12/31/2024 |
| 9302024 | 11122024 | 6-K 9/30/2024 |
| 6302024 | 8092024 | 6-K 6/30/2024 |
| 3312024 | 5082024 | 6-K 3/31/2024 |
| 12312023 | 3192024 | 40-F 12/31/2023 |
| 9302023 | 11092023 | 6-K 9/30/2023 |
| 6302023 | 8142023 | 6-K 6/30/2023 |
| 3312023 | 5152023 | 6-K 3/31/2023 |
| 12312022 | 4032023 | 20-F 12/31/2022 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |